Paycor HCM (NASDAQ:PYCR) Given New $19.00 Price Target at BMO Capital Markets

Paycor HCM (NASDAQ:PYCR) had its target price boosted by BMO Capital Markets from $15.00 to $19.00 in a research report report published on Thursday morning, MarketBeat Ratings reports. BMO Capital Markets currently has a market perform rating on the stock.

Other equities research analysts have also recently issued reports about the stock. Needham & Company LLC decreased their target price on shares of Paycor HCM from $42.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Mizuho decreased their price objective on shares of Paycor HCM from $19.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, July 23rd. The Goldman Sachs Group dropped their price target on shares of Paycor HCM from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, August 16th. Truist Financial cut their price objective on Paycor HCM from $33.00 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. lowered their price target on Paycor HCM from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, August 15th. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $19.41.

Paycor HCM Stock Down 1.0 %

PYCR traded down $0.17 during trading on Thursday, reaching $16.96. The company’s stock had a trading volume of 213,296 shares, compared to its average volume of 941,859. The company has a market cap of $3.03 billion, a price-to-earnings ratio of -65.88, a PEG ratio of 4.87 and a beta of 0.42. The firm has a fifty day simple moving average of $14.23 and a two-hundred day simple moving average of $13.76. Paycor HCM has a 1 year low of $10.92 and a 1 year high of $22.65.

Paycor HCM (NASDAQ:PYCR) last issued its earnings results on Wednesday, August 14th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The firm had revenue of $164.80 million during the quarter, compared to the consensus estimate of $161.14 million. Paycor HCM had a negative net margin of 9.00% and a positive return on equity of 2.98%. The company’s revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. As a group, equities analysts forecast that Paycor HCM will post 0.25 EPS for the current fiscal year.

Insider Activity

In other news, Director Jeremy Rishel sold 3,723 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $14.02, for a total value of $52,196.46. Following the completion of the sale, the director now directly owns 21,218 shares in the company, valued at $297,476.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.39% of the company’s stock.

Institutional Trading of Paycor HCM

Several institutional investors have recently added to or reduced their stakes in PYCR. Vanguard Group Inc. grew its holdings in Paycor HCM by 11.5% in the first quarter. Vanguard Group Inc. now owns 6,884,980 shares of the company’s stock worth $133,844,000 after purchasing an additional 710,370 shares during the last quarter. Conestoga Capital Advisors LLC raised its position in shares of Paycor HCM by 2.8% in the second quarter. Conestoga Capital Advisors LLC now owns 6,841,396 shares of the company’s stock worth $86,886,000 after acquiring an additional 184,255 shares during the period. Clearbridge Investments LLC increased its stake in shares of Paycor HCM by 1.9% during the first quarter. Clearbridge Investments LLC now owns 6,344,522 shares of the company’s stock worth $123,338,000 after purchasing an additional 116,118 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Paycor HCM by 13.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,664,711 shares of the company’s stock valued at $21,140,000 after acquiring an additional 192,633 shares in the last quarter. Finally, TimesSquare Capital Management LLC grew its stake in Paycor HCM by 0.3% during the 1st quarter. TimesSquare Capital Management LLC now owns 709,651 shares of the company’s stock valued at $13,796,000 after acquiring an additional 2,239 shares in the last quarter. Institutional investors own 36.76% of the company’s stock.

Paycor HCM Company Profile

Paycor HCM, Inc, together with its subsidiaries, provides software-as-a-service (SaaS) human capital management (HCM) solutions for small and medium-sized businesses (SMBs) primarily in the United States. It offers cloud-native platform to address the comprehensive people management needs of SMB leaders.